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200002321 <br />fees, in any such action or proceeding in which Beneficiary or Trustee may appear. Should Trustor <br />fail to make any payment or to do any act as and in the manner provided in any of the Loan <br />Instruments, Beneficiary and/or Trustee, each in its own discretion, without obligation so to do and <br />without notice to or demand upon Trustor and without releasing Trustor from any obligation, may <br />make or do the same in such manner and to such extent as either may deem necessary to protect <br />the security hereof. Trustor shall, immediately upon demand therefor by Beneficiary, pay all costs <br />and expenses incurred by Beneficiary in connection with the exercise by Beneficiary of the <br />foregoing rights, including without limitation costs of evidence of title, Court costs, appraisals, <br />surveys and attorneys fees. Any such costs and expenses not paid within ten (10) days of written <br />demand shall draw interest at the default rate provided in the Note. <br />5. EMINENT DOMAIN. Should the Trust Estate, or any part thereof or interest therein, be <br />taken or damaged by reason of any public improvement or condemnation proceeding, or in any <br />other manner including deed in lieu of Condemnation ( "Condemnation "), or should Trustor receive <br />any notice or other information regarding such proceeding, Trustor shall give prompt written notice <br />thereof to Beneficiary. Beneficiary shall be entitled to all compensation, awards and other <br />payments or relief therefor, and shall be entitled at its option to commence, appear in and <br />prosecute in its own name any action or proceedings. Beneficiary shall also be entitled to make <br />any compromise or settlement in connection with such taking or damage. All such compensation, <br />awards, damages, rights or action and proceeds awarded to Trustor (the "Proceeds ") are hereby <br />assigned to Beneficiary and Trustor agrees to execute such further assignments of the Proceeds <br />as Beneficiary or Trustee may require. <br />6. APPOINTMENT OF SUCCESSOR TRUSTEE. Beneficiary may, from time to time, by a <br />written instrument executed and acknowledged by Beneficiary, mailed to Trustor and recorded in <br />the County in which the Trust Estate is located and by otherwise complying with the provisions of <br />the applicable law of the State of Nebraska substitute a successor or successors to the Trustee <br />named herein or acting hereunder. <br />7. SUCCESSORS AND ASSIGNS. This Deed of Trust applies to, inures to the benefit of <br />and binds all parties hereto, their heirs, legatees, devisees, personal representatives, successors <br />and assigns. The term 'Beneficiary" shall mean the owner and holder of the Note, whether or not <br />named as Beneficiary herein. <br />8. INSPECTIONS. Beneficiary, or its agents, representatives or workmen, are authorized <br />to enter at any reasonable time upon or in any part of the Trust Estate for the purpose of inspecting <br />the same and for the purpose of performing any of the acts it is authorized to perform under the <br />terms of any of the Loan Instruments. <br />9. EVENTS OF DEFAULT. Any of the following events shall be deemed an event of <br />default hereunder: <br />a. Trustor shall have failed to make payment of any installment of interest, principal, or <br />principal and interest or any other sum secured hereby when due; or <br />b. There has occurred a breach of or default under any term, covenant, agreement, <br />condition, provision, representation or warranty contained in any of the Loan Instruments. <br />10. ACCELERATION UPON DEFAULT ADDITIONAL REMEDIES. Beneficiary shall give <br />notice to Trustor prior to acceleration following Trustor's breach of any covenant or agreement in <br />this Deed of Trust unless applicable law provides otherwise. The notice shall specify: (a) the <br />DEED OF TRUST - Page 3 of 6 <br />